FX comment: Apps reviews in bite-sized pieces
Apps by Dukascopy (Swiss forex), GFT (FX360) and Easy Forex.
The rankings on the offerings this week:
Swiss forex from Dukascopy
We criticised Dukascopy back in July 2008 (Gut feeling: Dukascopy) for an almost unintelligible and hyper-hyperbolic press release it sent us, but there was little to find fault with when we looked at its app.
The spot FX rates are pretty much on the market with fine spreads (USD/JPY half a pip) and they refresh automatically. The 22 available pairs can be ordered by user preference. Drilling down on a currency pair, Dukascopy gives localised market depth and shows a recent tick chart as well as charts for the last 10 and 60 minutes. More drilling reveals data for the past week, while the charts can be configured as bars, lines, candles and point and figure. MACD, RSI, slow stochastics and a couple of other indicators (that I don’t understand) are available.
The app offers some news and commentary as well as a calendar of economic data. There is even video commentary available, but it wasn’t of the highest quality.
FX360 from GFT
FX360 also shows 22 currency pairs but only the last price, not bid and offer. More prices are shown for oil, gold, silver and stock indices in the US, UK, Germany, Japan and Australia.